AMERICAN BANK Failed 1984

SAINT JOSEPH, TN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

AMERICAN BANK of SAINT JOSEPH, TN was closed on 1984-06-27. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to COMMERCIAL&INDUSTRIAL BA (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
893
FDIC Certificate
9175
FDIC FIN
6494
Bank name
AMERICAN BANK
Location
SAINT JOSEPH, TN
Failure date
1984-06-27
FDIC resolution date
1984-06-27
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$13M
Deposits at failure
$30M
Assets at failure
$33M
Acquiring bank
COMMERCIAL&INDUSTRIAL BA (MEMPHIS, TN)